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<br /> '���"'1�V �`�`�' S. WASTE. That the�orrorrer shaU not comm�t or suffer any waste of the P�P�• '.`"
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<br /> �� t��'� 6. L�nder or its a�eM may make rettsonabte erttries upoa and inspectioas of tin�Prope�t4y. Lender ahall �
<br /> � -„-� �.' ��'��•�- give Borror�er notice at the time of or prior to an inspecti�n specifying re�sonable casise for the insgection. Y_`_
<br /> �� • • ::��� es, or co ential.in -
<br /> � ' •�.;•:,x�� 7. C�NDEMIVATION. Th�proce�s of any ev�ard ar ctaim for damag direct nsequ °`;��
<br /> `,;:�'�<�`�:°;�.<
<br /> connection with au�t coademnation or ot�ter ta�i�g of�uuy part of the Property, or for conveyance in li�u of
<br /> °".�" condemnation.are here5y assig�ed anil shall be paad to I.ea�er.
<br /> .;.F 8. BE)RROWEl�NOT RELEASm;FOR�EATtAAlCE BY LSNDER Nt3T A 1'�ANER F�tet�on of �
<br />,.,,•,�,: .,. .,,��, ths feme for payment or mo�&cation of amo�tizatian of ttie sums s�ured by this Secutity Inst�umetyt granted by �<_�'�°
<br /> ` �' L e n der t o B o n ro w e r o r a n y s u�c e s s fl r u►i u t e r e s t o f�o r r owe�shaU not o pErate to release the�iab'itity of the t
<br /> . -. �``" original8ormwer or Borcowe�s s�u�essois is�iuterest. Lende;ra sh�nei be rre�quired to commence proceedinSs �Y�-�=.__`
<br /> ... L , i ii .
<br /> . t 4? a�ainst atry successnr ist i�t�r r�to e�rtend time tbr pay,�nent or otttez�rise runc3ifj�amortization of the :s`�
<br /> ...;�s�:i`` f'`r..�` swns securefl by tbi��ity I�ea�bY reason of anY 8emasid made�6y t�orig+nat Bor�awer or Bo=rowe�s i., �
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<br /> f� , , ,, �ag any�i�tt os� shalt aot be a waiver of or
<br /> successors in inieresL Aay forToearaace by I.ender in Y� ;<«:=
<br /> : If.7{ n:•-�f �' ' .
<br /> �'�s}�f�Y��r i', prectude the exercise of eay rigf�t or remedy. � '�
<br /> ,,,�;;�' .,..f:_': 9. �AtJI.'E. 'Fbat,if the�orrower de�auIts in�any of tite c.avenaats or agrcemsrts cc�ntained h�an or _._
<br /> n,.. �,�y Q�om►�������n
<br /> �t°;``,;';,��c}.L��:::;:< in�erforBaauQe of the Fromiss�ry L�I�e�s)secrarad�e�y,,.then t1u�&�aefi -
<br /> ` { '• et ths rate ded in the Promisso�Nate(s) -_
<br /> ° �. �p�made by Bene$ciatg�,s's so��shatl dra�� P� --
<br /> ':%��;; and s2�t be repayablr�i�y Bormwer to Ben�ary and,togetber wit�inter+eest and costs a�g thereon,sAall 6e
<br />- "�`�'�'�R�' '��by tbis D�.a�Ttusc :�..: .,,, :,:< .� �::: .
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<br /> ��"� ' `" ' 10. ACCEL��TION UPON�DEFAULT. If the Bomawer�awlts in t�e paymen�bf any install�eni of .
<br /> :;%���`��::: � , �.__
<br /> �' .; ',� : ',P��PaI or interest due under s�id Promissory Note(s)or if the Borrawer d�s in the performance of a�r
<br />-:��;::;: �:�'� other covenant or�r�emert to be gerformed under said Fromissary Note�s�o�this Deed of Tnist, or if a �
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<br /> '`��-=� �f,' � dator of the Froperty or of Hrnmwer shall 6e aPpon�ed,ar a�►Y of the cr�itors o�.:.:; _
<br /> , ,. ,, t truste�, seceivca�,;��ai:
<br /> "�,�`;'r , .. Boixowea shall file�,�itcon in bankruPtcy aga�nst Borrow�r,or for the reorganization of Bomawer p�rsuant t� ,,,ry
<br /> :�,I,��:�!;��� Y.. .
<br /> .n., .<,< the Fede�Ban�p�L�Cod�.or any s�ar laar,whether federa!or stai�:�nd i�such order or petirioa sl�i a� ..��`r,
<br /> .,+a�,�., ased witlnn etition was�ileal� r
<br />°"''`.�,. ' ��� be discharged or di�,�i �irtY(30}days after the date on-wt�i,ah �,ordar o�P . ���:
<br /> '� ?i` ���:�=�'��:� , � .. �orrower shall ffie��a�ddan pursuant ta the Federal BantwPtcsc;G�le or aup�ar�zst�r,�ral ar st�te, or n� ,t�,` —
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<br /> ��� �£,, `�` ` .� ` �Borrawer shall be a�:'�ged a banIuupt,�e,G�c,leclared insolve�,�'��matce����`�or the bene8t�� �,��r -
<br /> ..�� � �' � %U� ;T creditors, or sball adinit in w�dng �ts'in�+`�q to paY ita d�s�a�,:�fi�%��? ,�,����'�� t
<br /> consen to th� �F�x°,�,._"�:.
<br /> . . - , .,,
<br /> ���� 't., appoi�aaent of a receiver of all or aay part of the ptoperty. •..., .��� � : ". . —
<br /> ' Upoa the o�ce of aay af the above descn'6ed defaatts,or��r,B���'9�y��
<br /> .��:;: optcon,declaze all the indebtedness secured hereby immediately due and�ayable and the same sball bear interes�t -
<br /> • at the det�ult iat�, if acry, set fortb in the Note,�or atherwise at the highest rate pe�miued bY �aw• ffi�, -
<br /> irrespe�ve of whether Heneficiary exercises satd pptiop,it may,at its optio�and ia its sote discretiop,•without • `,.
<br /> � any fltrther notice or demaad to or upon Trustor,do��`�or raore of the following: (s)Beneficiary maY eMer -
<br /> .' � �� ,upnn,take possession o�manage and op�;the Pro�y orenY part theteo�make repaus.and possession,i� =.
<br /> �� � .� .,�'receive reata� ia�;an� ro� inclu� .�qse past dus aat���' t
<br /> � I ;t 8ts owa nam� sue for or othe�wise col�ltr , P , �.:,,, y
<br /> i. ,.. ' �' �r._: �p���d aPDIY �'� r Qnable attos� f � —
<br /> the sam�tes�costs anc��cpenses of.operatiori•��!rA}le�p;inctttdr�:�s� �y f,, ,
<br /> .
<br /> ' { �', f� and HeneficiaTyls cost�, w�ir� the iadebtedness secured hereby'asvat,��i:�'a o�er as Beneficiary,may _
<br /> _ - ` `t deteimiae. ,The e�t�r�pg u ! .��taking possession of the Property, tire''�on of aay res�s, is�ues aad �
<br /> ,'. ` � �. or waive defauh ther�toifore o� thereaR�';,,,.,: --
<br /> � �. •� profita, the a���i�ssn thereof as aforesaid, sbaU uot cure an3+ .,;:
<br /> i::.
<br /> .� � occuning,or�t.al�'y�`cidtice af defauit ar notice of sale here�wder or imralidate say act dons pursuacit to`st��,;{;�iF,;;
<br />- ;;�'���;', sucb n�� _Beneficiary-may;�'�rn�any action in any court of competent jurisdictio�to fo�eclose ;.}��;�',:;;�FR, _
<br /> r�.,- P�Y ��t�,,��`
<br /> '.,'r�,' .: ; Trost d�"��.cce sinY of t4te��s hereof and Benefiaary may etect to c�use the Pra or p � ,.,,
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<br />__ `��.',., ;.�� to be sald under �ower b�_and:ine�rotch event,HeneBciary or Tivstee shal�give�t�ptice of�.�:���....1�`' ----
<br /> :� . ;,;: '� �' notice of e es�r.�!�. �. : , ;. �.�:;,�;.,..::
<br /> — . � °cnt .iti�''�r $� �LBllfe•t�ll7Tl�,u�ji'�� '�,. � ' ''i:;•v.t'-
<br /> ' � '� . �..� ��. P��',f�'.`�bF Si�.�. Th�t`tYte Borrower hereby �,i�?i���rs upan the Truste��'a poaer to seU the .. --
<br /> . ` ' , ,,:.ri, . . � .
<br /> ' � � �s ° ro v�tD�ich tt�.'�stistee a�iy:�cercise and under w#rick the pi��erEY�.b�sotd in the maan�r p�ovide�by , _-
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<br />- '=" �}����;�� law. Ag'9�a�ddin�'�he bene�c�ary,this Deed of Trust may 6e foi�i�ed in:t3�r:maaner provided by law for t�e t . . �-
<br />_ ','�` T6at,if a sale of th� i b tfle Tmst�is�cercised und�c ti�i,�:..•�;,;;�� ��`
<br />_ :;.,.:�;�� for�closure af z�tii#i��ge on real property. ll!��#.�Y Y �-
<br /> � �:r�:° awer of sat�, tlte"�roce�ls shall be epplied first to the paymee�:a�the costs and expenses o f exerc��t l i c s;;:;:,:• -
<br /> F
<br /> ' power of sat�including the�ee of the Truste�in en amount not to�xxceed;llun per cent(2°�0)o£th�:,�a'le.pricl:�`'�
<br /> � � th�o to the payment ofthe otiligtitian secured hy the Deed of Tn�st �nd�wiiybalance, if a�iy,�tcr,dti�'��Z�n.or:,;.
<br /> =; , p�ans 1�11y entitted thereto. '� • . �
<br />_`�`.-�.^� 12. ACCELERATION IIV THE EV�TiT OF 1ZWNSFER. tn the e�+e�nt u►e titlo w the said reel es3�is � �
<br />° ' • transfe�red,or co�racted to he t�ansfe�,fmm•the und�igned for arry reason or by atry method whatsaev�, E-:
<br /> - . �� � �e ��p�ncipal sum and the accnsed i�erest shall at once 6ecome due and payable at the election of th�
<br /> ' ` ,�. � to exercise this o 'on because of transfer arf titte as above stated in+�ne iastance sha11�+ut �.
<br /> � Be�e�aary. Ftuture Pn �
<br /> � � coasbimte a waiver of tine righ�to exercise the same in the eve,nt of ar►y subs�uent uansfer. -
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